Primecap Management Co. CA Buys Shares of 807,749 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Primecap Management initiated a sizable BJ’s Wholesale Club position, buying 807,749 shares worth approximately $70.5 million, or 0.63% of the company. Institutional investors and hedge funds collectively own 98.6% of BJ’s shares.
• BJ’s exceeded quarterly expectations, reporting $1.36 in earnings per share versus the $1.17 consensus estimate and $6.23 billion in revenue, up 15.7% year over year. The company maintained fiscal 2026 guidance of $4.60–$4.80 EPS.
• Analyst sentiment is mixed but generally favorable: several firms reiterated or issued Buy ratings, while the broader analyst consensus remains Hold with an average price target of $106.06, above the reported $93.07 share price.

Primecap Management Co. CA bought a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 807,749 shares of the company's stock, valued at approximately $70,452,000. Primecap Management Co. CA owned about 0.63% of BJ's Wholesale Club as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in BJ's Wholesale Club during the 2nd quarter worth $1,087,503,000. Victory Capital Management Inc. raised its position in BJ's Wholesale Club by 57.2% in the fourth quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company's stock valued at $1,164,114,000 after purchasing an additional 4,704,423 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of BJ's Wholesale Club during the second quarter valued at about $179,649,000. Norges Bank acquired a new stake in shares of BJ's Wholesale Club during the fourth quarter valued at about $151,765,000. Finally, State Street Corp boosted its stake in shares of BJ's Wholesale Club by 25.4% during the third quarter. State Street Corp now owns 5,082,478 shares of the company's stock valued at $473,941,000 after purchasing an additional 1,028,779 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock opened at $93.07 on Thursday. The stock's 50 day moving average is $91.90 and its 200 day moving average is $93.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19. The firm has a market cap of $11.88 billion, a P/E ratio of 20.37, a P/E/G ratio of 3.18 and a beta of 0.21. BJ's Wholesale Club Holdings, Inc. has a one year low of $83.21 and a one year high of $105.78.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.19. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.97 billion. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 4.69 EPS for the current year.

BJ's Wholesale Club News Summary

Here are the key news stories impacting BJ's Wholesale Club this week:

• Positive Sentiment: Citi maintained its Buy rating on BJ’s, reinforcing a favorable analyst view of the warehouse-club operator. Citi Sticks to Their Buy Rating for BJ’s Wholesale Club Holdings
• Positive Sentiment: UBS raised its price target to $115, implying additional upside from recent trading levels and signaling confidence in BJ’s earnings outlook. UBS Group Increases BJ’s Wholesale Club Price Target
• Positive Sentiment: A new Ocala store is expected to expand BJ’s membership and sales footprint. The impact is likely incremental, but new locations can support longer-term growth. Ocala BJ’s Wholesale Club Store Opening
• Positive Sentiment: Zacks identified BJ as a top-ranked growth stock, highlighting its recent operating momentum and potential appeal to growth-focused investors. BJ’s Wholesale Club Is a Top-Ranked Growth Stock

Insider Transactions at BJ's Wholesale Club

In other news, EVP Scott Schmadeke sold 16,500 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the sale, the executive vice president directly owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert W. Eddy sold 73,016 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the sale, the chief executive officer owned 282,330 shares of the company's stock, valued at $28,238,646.60. This trade represents a 20.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 95,916 shares of company stock worth $9,458,889. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson upped their price objective on BJ's Wholesale Club from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of BJ's Wholesale Club in a report on Friday, August 14th. The Goldman Sachs Group restated a "buy" rating on shares of BJ's Wholesale Club in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the company a "neutral" rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of BJ's Wholesale Club in a report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $106.06.

BJ's Wholesale Club Profile

BJ's Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ's features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ's Wholesale Club quickly expanded throughout the Northeastern United States.

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